CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Update

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 591,357 shares, an increase of 23,441.3% from the January 15th total of 2,512 shares. Approximately 10.4% of the company’s shares are short sold. Based on an average trading volume of 9,945,672 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 9,945,672 shares, the short-interest ratio is currently 0.1 days. Approximately 10.4% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CN Energy Group. in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

CN Energy Group. Price Performance

CNEY opened at $1.03 on Thursday. The firm has a 50-day simple moving average of $0.73 and a two-hundred day simple moving average of $1.59. CN Energy Group. has a 52 week low of $0.31 and a 52 week high of $10.25.

Institutional Trading of CN Energy Group.

A hedge fund recently bought a new stake in CN Energy Group. stock. Susquehanna International Group LLP acquired a new position in CN Energy Group. Inc. (NASDAQ:CNEY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned approximately 0.40% of CN Energy Group. as of its most recent SEC filing. 7.64% of the stock is owned by institutional investors.

About CN Energy Group.

CN Energy Group. Inc, through its subsidiaries, engages in the manufacture and supply of wood-based activated carbon primarily in China. The company’s activated carbon is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production. It also engages in the generation and supply of biomass electricity; production of steam for heating; sale of minerals, stone, metal materials, construction materials, wood, chemical materials and products, rubber products, and paper products; management and conversion of forest and natural ecosystem; and forest acquisition, rights transfer, and nurturing, and timber harvesting and processing activities.